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Regional Market Update - 4th Quarter 2017

13 Feb 18

Following the release of the Valuer - General’s median house prices for the December 2017 quarter, the regional housing market recorded a median house price of $260,000. Although slightly down from the previous quarter and the same period last year, the result is still a strong result.

Importantly, sales volumes were up more than 10% from the previous quarter and 15% from the same quarter last year.

REISA President, Mr Alex Ouwens said “It is great to see that sales volumes are significantly up in regional South Australia during the last quarter of 2017. The regional market is a resilient market and I am delighted to see it doing well.”

Suburbs which have seen the largest growth over a 12 month period are Renmark, Berri and Port Lincoln with increases of 41.16%, 11.76% and 10.80% respectively.

Top selling suburbs in terms of recorded sales over the December quarter were the perennial Top 3 – Mount Gambier, Victor Harbor and Murray Bridge.